NEW YORK CITY (dpa-AFX) - Goldman Sachs Group, Inc.'s (GS) co-head of the
global banking and markets division, Jim Esposito, is set to retire after nearly
30 years at the firm, according to Reuters.

Following his departure, Esposito will assume the role of senior director. He
has been co-chair of Goldman's partnership committee since 2021.

Sources familiar with the matter disclosed that Esposito had aspirations to
become the company's CEO, but current CEO David Solomon has indicated that he
does not plan to step down anytime soon.

CEO David Solomon acknowledged Esposito's contributions, particularly in
navigating industry changes, in a memo announcing his departure, 'Jim has also
helped our businesses navigate extraordinary change in our industry, including
structural developments driven by technology and regulation.'

The 56-year-old Esposito joined Goldman in 1995 and has held various positions
during his tenure. When he leaves, his current co-heads from the trading and
investment banking unit, Dan Dees and Ashok Varadhan, will continue to lead the
unit, while Esposito will maintain his position as a senior director.



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